A travel advance is pre-trip funding provided to employees in corporate travel to cover anticipated expenses during business trips.
A travel advance is a payment given to an employee before a business trip to cover expected costs such as meals, transportation, and incidental expenses. In corporate travel, this helps ensure travelers have the necessary funds without using personal money, especially in regions where corporate cards are not accepted or available.
The process typically involves estimating trip costs, issuing the funds, and reconciling actual expenses after the trip. Proper management of travel advances supports budget control, policy compliance, and accurate expense reporting in a corporate travel program.